This is a 'Perfect' Bear Market Opportunity: Strategist

Stocks tumbled on the first day of the quarter and Dave Rovelli, managing director at Canaccord Adams, and Warren Meyers, CEO of Walter J. Dowd, said this may be an opportunity for bears to seize control.

“Included in that is a strong second quarter, up about 15 percent across the indicies," he said.

"We’ve got earnings in a couple of weeks and we’ve got a vacuum with the jobs numbers tomorrow. There’s not a whole lot to hang your hat on and so it’s a perfect opportunity for the bears to take hold for at least a week or two.”